Latest economy stories from across Kenya.
Reforms at the Kenya Revenue Authority’s (KRA) Customs and Border Control are beginning to yield notable results, after Customs taxes reached a historic monthly performance of Ksh82.554 billion in January 2025.
Hundreds of residents within Kasarani and Starehe constituencies are set to benefit from two markets to be constructed in the next one year.
Kenya Revenue Authority (KRA) collected Ksh1.243 trillion as of 31st December, 2024. This reflects a growth of 4.5% compared to the collection of Ksh1.189 Trillion realised in the same period of the previous financial year (2023/2024).
As part of the celebrations, KRA honoured customs officers who stood out for their exemplary contributions safeguarding Kenya’s borders.
Kenya is rich in type, number and sophistication of financial institutions. The financial system consists of 42 commercial banks with over a thousand branches countrywide, a diversified system of non-bank financial institutions consisting…
Individuals and businesses using iTax, TIMS, eTIMS and customs business systems will have an easier time filing returns via the newly introduced VAT Pre-Populated Return System as all transactions have been captured and automatically…
In what comes as a major relief for Kenyans, the government has announced new lower prices for fuel used by motorists and cooking by some households, reviving hopes of sustained reduction in the coming months
Kenya Electricity Transmission Company (KETRACO) has completed and energized the 400kV transmission line linking Kenya and Tanzania, marking a major step in enhancing regional electricity trade.
The International Tracking Standard Foundation (I-TRACK Foundation) Board has appointed Energy and Petroleum Regulatory Authority ( EPRA) as the official local issuer of the International Renewable Energy Certificates I-REC(E).
KRA revenue collection as at November 2023 has hit the one trillion shilling mark after collecting Ksh1.005 trillion as of 30th November, 2024.
The World Bank Group under its work on poverty, has established a High-Level Advisory Council on Jobs that gathers a global cross-section of eminent individuals to offer thought leadership and actionable, scalable policy and program…
Google products and services helped provide an estimated $900 million (about Ksh115 billion) of economic activity for businesses, nonprofits, publishers, creators, and developers in Kenya during 2023.
Kenya Revenue Authority (KRA) has unlocked Ksh21.9 billion through the Alternative Dispute Resolution (ADR) mechanism. This follows the conclusion of 1,184 cases in the Financial Year 2023/2024.
In his State of the Nation Address at the National Assembly today, President William Ruto described housing affordability as the most urgent issue facing Kenya, especially in the face of rapid urbanization. The President stated that the…
In 2022, the Kenyan people turned to William Ruto to lead the country through a severe economic crisis triggered by a heavy debt burden, COVID-19, rising inflation, increasing poverty, widespread unemployment, and a challenging election…
Competition fosters economic welfare and makes markets work for development, the World Bank Group acknowledges, stating that it supports clients in promoting and implementing pro-competition rules in key sectors, deterring anticompetitive…
President William Ruto signed the Sugar Bill on Friday at State House, Nairobi, where he extolled the benefits of a thriving sugar sector for the nation’s overall economy. Speaking in the presence of senior government leaders, including…
Kenya Pipeline Company (KPC) has completed the second phase of the Line IV (Nairobi -Eldoret pipeline) upgrade, increasing the product flow rate along the 14-inch western Kenya pipeline to 515M3 per hour up from the current 330M3 per hour.
A one-US-dollar investment in digital transformation can yield an 8.3-US-dollar return in a country’s digital economy, according to the findings of the Huawei’s Global Digitalization Index (GDI) unveiled at GITEX Dubai 2024.
President William Ruto is calling on Kenyans to acknowledge the value of public-private partnerships (PPPs) as an alternative project delivery system amid the growing backlog of unmet public infrastructure needs across the country, with…
The Kenya Revenue Authority (KRA) has affirmed that the country did not lose any tax revenue through palm oil imports by Louis Dreyfus Company (K) Limited between 2023 and 2024.
The Central Bank of Kenya (CBK) on 14th October announced that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”).
The European Union (EU) is a significant trading partner to Kenya, representing Kenya’s biggest export market at 21.1%, with coffee exports accounting for the largest share at 55%. Even so, starting December 30, 2024, Kenya’s coffee risks…
In the spirit of making life easier, Equitel was created by Equity Bank to provide funds accessibility and choice of payment to their customers and also to other Kenyans – it’s not a must to have an Equity Bank account to register for an…
